Receive a monthly benefit throughout retirement

Retirement brings a lot of questions, especially how you will pay for your lifestyle and finances in retirement.

PERA members enrolled in the Defined Benefit (DB) can rest assured that they'll receive a lifetime monthly benefit similar to a pension.  

Classified Staff can enroll in the PERA DB retirement plan upon employment at the university. Faculty and university staff members who join CU with a PERA DB plan have a one-time opportunity to continue their elections. 

In the plan, you'll contribute 11% of your gross pay, and CU will contribute an amount equal to 21.5% percent of your gross pay. 

Your secured income from PERA is calculated based on your age at the time of retirement and the number of years as a PERA member or “years of service.” During your retirement, you will receive a guaranteed monthly distribution for the remainder of your life with potential annual increases.